Micron Technology (MU) 10-K Summary — Year Ended Aug 29, 2024
Micron Technology filed its annual report for the fiscal year. Revenue increased significantly compared to the prior year, and operating cash flow was strong.
Key takeaway
Year ended Aug 29, 2024 · FY2025 10-K
Micron Technology filed its annual report for the fiscal year. Revenue increased significantly compared to the prior year, and operating cash flow was strong.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$25.1B
Revenue reported for the fiscal year.
Operating income
$1.3B
Income from operations reported for the year.
Net income
$778M
Net income reported for the year.
Operating cash flow
$8.5B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Sep 2, 2021 | $27.7B | n/a |
| Sep 1, 2022 | $30.8B | +11.0% |
| Aug 31, 2023 | $15.5B | -49.5% |
| Aug 29, 2024 | $25.1B | +61.6% |
Business overview
The supplied filing context does not include a description of the company's business. The Business overview section is referenced but its content is not provided.
Financial performance
Revenue grew substantially compared to the preceding year, following a significant decline in the prior period. The company reported positive operating income and net income, with operating cash flow remaining robust.
Material risks
The filing does not supply specific risk factors in the provided context. The Risk Factors section is referenced but its content is not included.
Liquidity and capital
The company's primary liquidity source is operating cash flow, which is sensitive to product prices. Cash and investments declined from the prior year, but a credit facility remains available. Capital projects depend on government incentives.
What to watch
Monitor the company's ability to sustain revenue growth given the recent recovery from a sharp downturn.